1137 26th St - Apartments FOR SALE


Des Moines, IA 50311- Drake
$775,000 USD
515-334-4900
1137 26th St, Des Moines, IA for Sale
$775,000 USD
Apartments - FOR SALE
1/19
null | 7.07% Cap Rate

1137 26th St
Des Moines, IA 50311
Drake


HIGHLIGHTS

  • 12-unit multifamily in Des Moines — located in a neighborhood seeing active reinvestment and strong demand
  • 12.42% after-tax IRR (11.67% modified IRR) at a 5-year exit
  • $332,783 projected net resale proceeds on a $232,500 equity investment
  • Stable income + long-term upside — positioned where institutional buyers are already investing — positioned where institutional buyers are already inv

OVERVIEW

The KataLYST Team by KW Commercial is pleased to market exclusively for sale 1137 26th Street, Des Moines, Iowa — a 12-unit multifamily asset positioned at the intersection of stable income, institutional demand, and compelling long-term upside in one of Des Moines' most actively reinvested urban neighborhoods. On an after-tax basis, the investment delivers an IRR of 12.42% and a modified IRR of 11.67% at a 5-year exit, with projected net resale proceeds of $332,783 on an initial equity investment of $232,500.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

12

PRICE/UNIT

$64,583

CAP RATE

7.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R-3

APN/PARCEL ID

030-01439000000

ASK ABOUT THIS PROPERTY

Jared HusmannThe KataLYST TeamMore Info
515-334-4900

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Jared HusmannThe KataLYST TeamMore Info
515-334-4900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.